Jason Kumpf International Business Consulting, Executive Office
Hi, I'm Jason Kumpf. I help people and companies better navigate international waters.
Jason Kumpf's Bio:
Jason Kumpf is an international business expert. Helping companies go global in efficient and effective ways.
Jason Kumpf has lived and worked internationally for over 20 years. With an understanding of different cultures and ever evolving business landscapes. He brings clients and partners a network of other global professionals, from international law, accounting, compliance, employment, human resources, real estate, trade, shipping, import/export, ecommerce and numerous other fields.
Jason Kumpf primarily helps companies easily and instantly increase their total international revenue by ensuring they receive better foreign exchange rates for their international currency exchange. This enables them to improve their revenue and/or reduce their cost by 1-5% and quicken their international transactions.
From expats sending money to their new foreign assignment location, to companies paying international suppliers, or global etailers repatriate their global sales revenue, Jason Kumpf can add instant value, at no additional cost, thus producing instant saving with clients existing processes.
Expanding into the international global marketplace for clients and partners by helping with the basic operations of your transactions.
Lowering transaction cost with better foreign exchange rates.
Co-promoting on international sales and marketing.
Strategic integration on co-marketing, with both brands, leveraging joint already overlapping efforts. Further integrations via Alliance Partnerships, API, White label, co-branding pages.
Sharing best in class processes used by leading firms winning in the global market place.
Jason Kumpf can offer introductions to other partners for international legal, accounting, compliance, operations, banking, insurance, real estate, lending, mortgage, consulting, public relations and partnership expertise.
From expanding sales to UK, Western Europe, Scandinavia, Australia, Canada, UAE, China, India, to opening operations in Vietnam, Philippines, Eastern Europe we can help you keep your costs low and time lines on track.
Direct of Partnerships at OFX Global Payments
Seen in CNN Money, FOX Business News, Bloomberg, and TD Ameritrade's Ticker Tape Parade:
Global Real Estate
Americans are scooping up real estate bargains... overseas
by Kathryn Vasel
This villa located in Sardinia has five bedrooms and bathrooms, a heated pool and a pétanque court.
More Americans are taking the leap to buy that overseas pied-a-terre they've been thinking about.
"The U.S. dollar is still strong and the economy is good and the rest of the world is a little softer," said Jason Kumpf, a real estate specialist at USForex. "It's a great time to increase your pieces on the international Monopoly board."
Property prices in some European markets fell 40-50% during the financial crisis and haven't fully recovered, according to global real estate consultancy Knight Frank.
Combine that with the strength of the U.S. dollar creating favorable exchange rates, and deals abound. For example: A €500,000 home cost around $683,000 last July, according to Knight Frank. Now, that property has a price tag of roughly $558,000.
Experts identified France, Spain, Italy, Germany and Canada as markets being pursued by American buyers.
This 10-bedroom, 8-bathroom wine estate in Tuscany is for sale and features vineyards, a winery and an olive grove.
France is looking particularly attractive.
The number of clients buying properties in France increased nine-fold in 2014 from 2013 at OFX , and this year is looking even more promising.
"High-net-worth buyers have been circling around properties in the south of France for the last couple of years," said Dan Conn, CEO of Christie's International Real Estate. "It's an incredible time to buy.
Paris is also seeing increased activity: today, 19% of Christie's buyers in the capital were American, up from 14% in 2010.
Germany has also been drawing in American buyers recently, according to Kumpf, as the number of U.S. buyers who transferred money to purchase property there has doubled in the last year.
Spain and Italy have had a slower economic rebound, which means better discounts and opportunities, according to Conn. For example, Sardinia, an island off the coast of Italy, has experienced little buying activity since the downturn ... until now. "You are starting to see emerging interest from U.S. buyers," Conn said.
Interest in rentals in Italy started to rise last year, and that's a strong indicator that sales will follow, said Rupert Fawcett, head of Knight Frank's Italian desk.
Tuscany, Florence, and Lake Como are the hot spots in the country at the moment, he said.
"I am not expecting the flood gates to open, but the tap had very much been switched off over the last four to five years, so to see any American interest coming back is already an increase."
This two-level, three-bedroom apartment in a 17th century building in Paris is listed for $2,113,858.
Spain, which has been a popular market for Europeans looking for a vacation home, is starting to catch the attention of Americans, particularly Barcelona. "It's a hybrid city and resort," said Conn. There's also been discussions of a new luxury waterfront development in the city, which could increase interest.
London is also seeing increased attention from American buyers, but the conversion rate to a sale is still relatively low, according to Jennet Siebrits, UK head of residential research at CBRE. "I think once the U.K. general elections are out of the way, that might be a catalyst."
In Latin America, Brazil is an attractive option for U.S. buyers, according to a report from Christie's International Real Estate, due to deflated property prices and a drop in its currency.
The Ticker Tape:
Pied-a-Terre in Paris? Tips on Buying International Real Estate
A strong U.S. dollar isn’t just making vacations overseas more affordable; a brawny buck puts foreign real estate on sale, too.
Jason Kumpf, real estate expert at OFX-USForex, says their clients are “absolutely” using dollar strength to justify buying international real estate, particularly in continental Europe and the U.K. Even Canada is attracting more Americans now that the loonie is at about a 20% discount to its U.S. counterpart, says Kumpf.
Wei Min Tan, a residential condominium specialist at Rutenberg Realty’s Castle Avenue, says select buyers will always want to invest in a top-tier city like London, but a wave of buyers is also favoring countries with lower costs of living, including Malaysia, Thailand, and Costa Rica.
“They may see it as a place to retire in the future. Here [retirement] can cost so much, there it’s a fraction,” Tan says.
Risks, Always Risks
But before you shell out for a beach house in Rio de Janeiro, the experts insist buyers need to do their homework and enlist international real estate specialists for a host of reasons.
First, Tan says, find out whether the country allows foreigners to own real estate. Thailand, for instance, allows foreigners to own apartments with certain restrictions, but not landed properties. Also, make sure the buyer gets permanent residency privileges; the alternative is staying on three-month tourist visas.
Both Kumpf and Tan stress that tax implications are a major consideration. That includes taxes owed to the home country and/or the U.S. You could face a bill from both, so be mindful.
Jason Kumpf said some international buyers think of buying property as investment income; they may plan to put the place up for rent on Airbnb or other services. It’s wise to have a lawyer in the home country tell you what to expect, and to work with your accountant before shopping.
Cash is king, too. Some countries allow only all-cash deals, and even in places where mortgages are possible, they can be more expensive than a U.S. consumer is used to, Kumpf said.
Unlike in the U.S. where purchasers get the deed to the property after closing, in some countries, a clean title may take one to two years to properly transfer, Tan said.
The dollar is strong relative to its major global counterparts now, but will it last?
“If you chart the euro/dollar, you see it does fluctuate. One dollar used to get you 75 [euro cents], now it’s getting you 90 [euro cents]. That’s huge,” Kumpf says.
There’s more to consider. Kumpf says some buyers he works with are locking in exchange rates on potential transactions because they find the dollar/euro favorable. By working with a foreign exchange specialist they likely get a better rate, too.
While some buyers won’t lock in exchange rates since it can be a little complicated, it’s something for all U.S. property buyers in foreign lands to consider, he says.
Jason Kumpf's Experience:
Direct of Strategic Partnerships at OFX Global Payments
January 2016 - Present | San Francsico
Developing partnerships with Global Media, Real Estate, Accounting, Finance, ECommerce groups. From Fortune 500 to growth ventures.
Providing better international payment processing at better forieng exchange rates.
Accelerate Growth Partners
Head of Alliances at US Forex - International Payments and Foreign Exchange
Jason Kumpf International Business Consulting at Jason Kumpf International Business Consulting
Jason Kumpf International Business Consulting
Jason Kumpf's Education:
Jason Kumpf's Interests & Activities:
Jason Kumpf is fond of foreign cultures, new ideas, new technologies, healthy living, global politics, education, hiking, snow boarding, biking. Seeing and experiencing things that make me think differently and doing new work that betters everyone. Thanks! Jason Kumpf